Nov 3 (Reuters) - RHEINMETALL AG ::TO SUPPLY THE BUNDESWEHR WITH DM98 PRACTICE AMMUNITION FOR LEOPARD 2 MB‍​.GERMAN ARMY’S FIRST-EVER ORDER OF NEW FULL-CALIBRE 120MM PRACTICE AMMUNITION, WHICH IT REFERS TO AS DM98.EXPECTS TO RECEIVE AN ORDER FOR A FURTHER 3,200 CARTRIDGES AT THE BEGINNING OF 2018‍​.ENTIRE ORDER VALUE FOR THE INITIAL REQUIREMENT TOTALS €24.7 MILLION.
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Nov 2 (Reuters) - RHEINMETALL AG ::OPTIMIZES LOCATION STRUCTURE OF PISTON PRODUCTION‍​.EARNINGS TO IMPROVE BY €10 MILLION A YEAR IN THE MEDIUM-TERM‍​.POTENTIAL CLOSING COSTS THIS YEAR ARE ESTIMATED AT A LOW EIGHT-FIGURE SUM.‍​.THIS ONE-OFF EXPENSE WILL AFFECT THE EBIT REPORTED IN THE THIRD QUARTER OF 2017.REACHED AGREEMENT WITH UNIONS ON DISCONTINUATION OF PISTON PRODUCTION IN THIONVILLE, FRANCE, IN 2018.
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Rheinmetall Says: Consolidated sales grow adjusted for currency effects 10 percent to 2,599 million euros ($2.90 billion) in H1 2016 . Says strong sales growth in defence of 19 % to €1,250 million and positive operating earnings . Says automotive increases sales after good second quarter to €1,349 million, profitability with 8.3 % at persistently high level . Says for the defence sector, sales are expected to grow to around €2.8 billion after just under €2.6 billion in 2015 . Says defence sector profitability is expected to continue increasing, with a forecasted return on sales of between 4.5 % and 5.0 % based on operating earnings before interest and taxes . Says operating earnings for the group increase by €24 million (30 %) to €103 million . Q2 sales was 1.295 billion eur, ebit 65.1 million, net profit 32.9 million . Says order backlog in the group reaches €7.3 billion . Says in 2016, rheinmetall expects the growth to continue and sales to rise by more than 5 % to around €5.5 billion . Says expects global automotive production to rise by 3.2 % this year to around 2.7 billion eur . Says anticipates further improvements in group earnings in fiscal year 2016 . Says automotive return expected to be about 8 % in 2016 . Says taking into account holding costs of around €20 million, this results in an expected return of about 6% for the rheinmetall group.
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Rheinmetall AG : Says the contract runs for seven years . Says rheinmetall wins major order for ammunition worth over 400 million euros from an international customer Further company coverage: [RHMG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).
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Rheinmetall AG:Says to supply ammunition and accessories for Bundeswehr’s Puma infantry fighting vehicle.Says the orders, placed from February to April, are worth over 12 million euros in total.
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Rheinmetall AG:Says to supply complete training equipment for new Embraer KC-390 transport plane.Order worth over 100 million euros.Embraer contracts with Rheinmetall to develop and supply full suite of training equipment for Embraer KC-390 transport plane.
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